Development Finance Today’s Post

Westmount Square Capital is thrilled to announce our newly formed joint venture with Olive Tree Holdings on the successful, off-market, acquisition of The Life at Forest View, a 520-unit premier multifamily property located in the #Houston MSA (Texas). This strategic partnership will lean on Westmount Square Capital's creative capital structuring, acute asset management, and will inject a fresh business plan to revitalize and optimize the community. The Life at Forest View, known for its thoughtfully designed one, two, and three-bedroom units, had been going through an improvement plan. The new ownership structure will build upon the property's existing strengths while implementing targeted improvements to enhance the overall resident experience. Such improvements will include: *Improving operational efficiency  *Property rebrand to enhance reputational scores *Renovate unit interiors and common areas *Enhancing amenities, exteriors and resident services WSC is thrilled to add The Life at Forest View to its portfolio, its first entree into #Texas, and to partner with OTH. This property has tremendous potential and we look forward to working closely with the incumbent team to unlock its full value. This acquisition aligns perfectly with our investment strategy of identifying properties in strong fundamental regions where the macroeconomic environment has exposed short term obstacles while offering long-term value. We see significant opportunities to create value for our investors, partners, and the residents of the property. This acquisition represents an exciting opportunity to diversify our portfolio outside of Florida while maintaining the core tenets of our business in identifying landlord and business friendly states, with strong economic fundamentals, and a purpose of offering quality and affordability for all tenants. #distress #valueadd #houston #southwest #texas #multifamilyinvesting #multifamily

Trends in #CRE From multifamily market adjustments and a notable shift towards affordable housing initiatives to the creative use of ground leases for prime developments, the Commercial Real Estate landscape is evolving. With 33,000 units on the horizon, our market is embracing both challenge and opportunity, paving the way for accessible living and innovative investment strategies. You can read more in the R.O.I. Properties “Real State - Commercial” newsletter – subscribe here: https://rb.gy/is7oo2. #TheRealState #ROIProperties #CRE #AZCRE #Commercial #RealEstateTrends #AffordableHousing #InnovationInRealEstate #MarketAdaptation

Marquette Properties and Toby Lewis are a force of nature, and I believe one of Australia's leading CRE fund managers. Super excited to welcome them to the Caruso platform! Read my recent interview with Toby where we discuss the distinctiveness of Marquette's real estate strategy, adapting to market changes, and integrating sustainability into investment decisions. https://bit.ly/4aqsJW5

👏 👏 👏 The accomplishment the team at Veris Residential pulled off is truly impressive. They have officially sold their last office asset and transitioned completely to #multifamily assets. Veris' decision to switch to the multifamily sector is not just a strategic move but a testament to the evolving dynamics of the real estate market. With insights indicating a modest 1.5% boost in multifamily inventory in the Northeast for 2024, significantly below the national average, it speaks volumes about the resilience and attractiveness of this asset class. This effort will prove valuable for shareholders and provides the REIT with a much more favorable long term outlook in the eyes of the capital markets. I will say they still haven't made a leap into the southeast, so I am interested to see how they intend on expanding the portfolio from here. Under CEO Mahbod Nia, Veris Residential has: ✅ Deleveraged its balance sheet ✅ Derisked its exposure to office assets ✅ Acquired 7,600 units across strategic locations like New Jersey, Boston, suburban New York, and Washington DC. And these assets have significant presence along the Jersey City waterfront, which is poised for continued rental growth. ✊ RESPECT ✊ #realestate #REIT #buildtorent #leadership Southern Waters Capital https://lnkd.in/dunzbAFE

Madrid, Spain-based investment firm Azora is teaming up with a Florida multifamily firm to launch a $3B partnership they say is aimed at addressing the U.S. housing shortage. Azora and Miami-based Advenir plan to invest in both the development and acquisition of housing across the U.S., they announced in a press release last week. The partnership plans to deploy the capital over the next five years in an effort to develop at least 10,000 new single-family rental homes and acquire 5,000 housing units. The partnership will target developing and investing in what it deems “high-growth markets” in North Carolina, South Carolina, Georgia, Tennessee, Alabama, Florida, and Texas. The two firms will also look at expanding into several Midwestern markets, including Wisconsin; Indianapolis; Columbus, Ohio; and Louisville, Kentucky. Each new apartment community is planned to include 250 to 300 new townhomes, standalone units and condos, and will have amenities such as pools, gyms and clubhouses.Azora has $11B in assets under management in residential, hospitality, logistics, office, and renewable energy sectors in Europe and the U.S. Advenir operates over 30,000 residential units and owns 12,200 units across the country. #cre #Commercialrealestateadviser #creinvesting #multifamily

One of our projects demonstrates the transformative power of the BRRRR (Buy Rehab Refi Rent Repeat) method.  This is a great example for those seeking inspiration to convert run-down properties into stunning, new spaces on a budget. Bostyn Brodine Brea Burger and I specialize in reviving worn-out houses, crafting comfortable living spaces for our future tenants, and the incredible evolution of this property from its 'Before' to 'After' state. #BRRRRmethod #RealEstateInvesting #realestate #realestateinvestor #financialfreedom #familybusiness #generationalwealth #PassiveIncome #WealthBuilding #Partnerships #GrowthMindedInvestor  #reiforfi #familyofrei

One of our previous investments 🤩🏠 We bought this building consisting of 2 terraced houses, previously joined and converted to a licensed HMO, as part of our strategy of creating larger higher-end rooms catering for young professionals. It was such a great project to work on, and it is so satisfying to know that since the transformation we have provided happy homes for the occupants 😍 #throwbackthursday #propertyinvestor #propertyinvestment #ukproperty #ukpropertymarket #propertyinvestoruk

Ninth Square is pleased to announce the pending acquisition of the first investment for our Ninth Square Denver Multifamily Opportunity Fund, a highly focused investment vehicle that targets value-add multifamily investments in central Denver. We continue to be extremely bullish on core central Denver neighborhoods and look to continue to capitalize on the dislocation in the markets to provide attractive risk adjusted returns to our investors. For more information about the Fund and how to invest with us, please contact us at info@ninthsquarere.com or visit our website at www.ninthsquarere.com. Key details: -Attractive Acquisition Basis: Secured at a discount to market values from a private, long term owner -Fixed Rate Financing: the acquisition will be financed with 5-year fixed rate financing with a flexible prepayment structure should interest rates decline in the future - Property Details: 1960s construction with 11 units and 8 off-street parking spaces. - Location Benefits: Walking distance to parks, museums, nightlife, and essentials like Whole Foods. - Easy Access to Downtown: Immediate proximity to Denver’s main employment, education, and healthcare hubs. Ideal for professionals with a short commute. - Value-Add Strategy: Plans for high-impact exterior upgrades, interior renovations, and improved management to increase rents to market levels, making it an affordable alternative to luxury developments. - Investment Returns: Projecting a 10-12% Net IRR and a 1.75-2x Target Net Equity Multiple. #denverrealestate #realestate #multifamily #denver #multifamilyinvesting #investing

S2 Capital, led by co-founders Scott Everett and Ryan Everett, has secured its latest investment with the acquisition of Dartmouth Woods, a 201-unit multifamily community in suburban Denver. #S2Capital #RealEstateInvestment #MultifamilyHousing #DenverRealEstate #PropertyRenovation #InvestmentOpportunity #PropTechBuzz #PTB #PropTech #Innovation Read More - https://lnkd.in/dcwPu2CY —---------------------- If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem. Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.

Dog days of summer thoughts on the Modern Frontier’s commercial real estate market in Oklahoma City for 2024. As Oklahoma City continues to shine as a hub of growth and opportunity. There is a lot to explore and capitalize on. Oklahoma City in 2024 is ripe with diverse opportunities for the general public, investors, and owner-users, showcasing a balanced mix of stability and growth. Market Overview - Economic Strenght & Growing Population  The economy’s resilience has been strengthened by efforts to diversify, particularly in urban areas, along with an already robust energy sector, manufacturing, and agriculture, and consistent population growth. Key Segments  Community-Centric Centers: Smaller retail centers catering to local communities with essential services and specialty stores are performing well, providing stable investment opportunities. Hybrid Work: Investors can capitalize on properties that offer adaptable layouts and modern amenities. Suburban Surge: Suburban areas are experiencing an uptick in office space demand as companies seek cost-effective alternatives to downtown locations. Considerations Regulatory Environment: Keeping abreast of zoning laws, tax incentives, and other regulatory changes is vital for making informed investment decisions. https://lnkd.in/gw8VReQd